In major reforms, RBI expands credit for companies; limits on loansagainst shares hiked 5x to Rs 1cr

MUMBAI: Reserve Bank of India unveiled on Wednesday its most comprehensive reforms in over a decade, aimed at countering US-driven headwinds and expanding credit to companies, while deepening capital market activity. Banks can now finance mergers and acquisitions, and IPOs more freely, while limits on loans against shares and listed debt securities have been raised.Central…

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‘Friendly nations’ only: Iran allows India, Pakistan, 3 other countries to use Strait of Hormuz amid war

Strait of Hormuz (AP photo) Iran on Thursday said that, despite ongoing military escalation in the Middle East, it has allowed transit through the Strait of Hormuz for “friendly nations,” including India.Access to the conflict-hit Strait of Hormuz for India comes as New Delhi, according to a Bloomberg report, has purchased its first LPG cargo…

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‘Absolute robbery’: SC on siphoning of over Rs 54,000 crore in digital arrest cases; asks Centre to frame SoP | India News

NEW DELHI: The Supreme Court on Monday termed the siphoning of over Rs 54,000 crore through digital arrests as nothing short of “robbery or dacoity” and directed the Centre to formulate a standard operating procedure (SoP) to tackle such offences.A bench led by Chief Justice of India Surya Kant, along with Justices Joymalya Bagchi and…

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T20 World Cup: World Record! Highest partnership for any wicket helps New Zealand chase down 174 inside 15.2 overs | Cricket News

New Zealand vs UAE (AP Photo) NEW DELHI: New Zealand’s openers Tim Seifert and Finn Allen produced a stunning batting display to chase down UAE’s 174-run target with ease as they sealed a dominant 10-wicket victory in the T20 World Cup on Tuesday. The pair unleashed a relentless assault on the UAE bowling attack, putting…

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‘Will not play matches in India, but ready to …’: BCB director warns ICC after Mustafizur Rahman controversy | Cricket News

Mustafizur Rahman (PTI Photo) NEW DELHI: The Bangladesh Cricket Board (BCB) has sent a strong message to the ICC following the Mustafizur Rahman controversy. BCB director Asif Akbar has made it clear that Bangladesh will not play matches in India unless their concerns are addressed. Speaking to the media, Akbar said the board has no…

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